City, State Seek Dismissal of Suit Challenging Property-Tax System

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Josh Barbanel The city and state have moved to dismiss a challenge to the city's property-tax system by black and Hispanic renters. The plaintiffs contend that rental buildings are taxed at higher rates than co-ops, condos and private houses, ...

Moscow Digs In as Western Sanctions Mount Over Ukraine -- Update

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Gregory L. White, Anton Troianovski and Laurence Norman Pro-Russia rebels in eastern Ukraine saw some of their worst battlefield setbacks in weeks Monday as the West agreed on tougher sanctions aimed at forcing Moscow to cut support for the ...

EU Will Add to Ukraine Sanctions List--Update

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Matthew Dalton and Laurence Norman BRUSSELS--The European Union is preparing to add at least five individuals and two entities to its Ukraine sanctions list, for the first time targeting oligarchs who the bloc says are supporting or benefiting from ...

Oil Futures Subdued on Demand Worries

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Eric Yep Crude-oil futures extended losses in Asian trading hours Tuesday as concerns over weak demand offset the impact of sanctions on Russia and additional violence in the Middle East. On the New York Mercantile Exchange, light, sweet crude ...

BOJ Ishida Cautious Over Consumption and Exports

TODAY: July 29, 2014 PUB DATE: July 29, 2014

SHIMONOSEKI, Japan--A member of the Bank of Japan policy board on Tuesday sounded a slightly cautious note on the nation's economy as consumption has yet to clearly pick up amid the hangover from the April's sales tax increase and stagnant ...

Currency Trading Falls Into Torpor

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By James Ramage, Katie Martin and Josie Cox Currency-trading volume is shrinking at the fastest pace since the financial crisis, the latest sign of the placid conditions that have frustrated traders in markets around the globe this year. The amount ...

Argentine Default Drama Nears Critical Stage

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By Taos Turner and Ken Parks BUENOS AIRES--Argentina could make unfortunate history this week if it defaults on its foreign debt for the second time in 13 years as a showdown with creditors comes to a head. When Argentina last ...

Sweden Resumes Financial Aid to Uganda

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By Nicholas Bariyo KAMPALA Uganda--Sweden has resumed financial aid to Uganda, less than six months after the Scandinavian country suspended its support following the enactment of a severe anti gay law. The Swedish embassy in Kampala said Monday that Sweden ...

MARKET SNAPSHOT: U.S. Stocks: Futures Dip As Busy Data Week Begins

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) -- U.S. stock futures dipped on Monday, with the Dow Jones Industrial Average threatening to move further below the key 17,000 level breached late last week, while deal news sent shares of Family Dollar ...

MARKET SNAPSHOT: U.S. Stocks Open Lower; Deals In Focus

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- The U.S. stock market struggled for direction Monday amid a flurry of deal news, including the takeover of Family Dollar Stores Inc. by Dollar Tree Inc. Home-sales data will ...

BOE May Need to Raise Rates Quicker Than Expected - IMF

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By Jason Douglas LONDON--The Bank of England may need to lift interest rates at a faster pace than expected if inflation in the U.K. takes off or new regulations prove ineffective at reining in a booming housing market, the International ...

Correction to Crude Oil Futures Story

TODAY: July 29, 2014 PUB DATE: July 28, 2014

"Crude Oil Futures Trade Lower on Global Tensions," at 0956 GMT, misstated that crude oil futures traded lower on global tensions in the headline. Crude oil futures traded lower despite, not because of, global tensions. Subscribe to WSJ: http://online.wsj.com?mod=djnwires (END) ...

Bank of Israel Trims Interest Rate

TODAY: July 29, 2014 PUB DATE: July 28, 2014

JERUSALEM--The Bank of Israel Monday cut the benchmark interest rate for August by 0.25 percentage point to 0.50%, citing slowing inflation in June as well as weakness in exports and the world economy. The economic effects of the continuing military ...

MARKET SNAPSHOT: U.S. Stocks Edge Lower; Home Builders Retreat

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- The U.S. stock market edged lower Monday as excitement from a flurry of deal news, including the takeover of Family Dollar Stores Inc. by Dollar Tree Inc. proved unsustainable ...

Palladium Ends Higher on Supply Worries

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By Tatyana Shumsky NEW YORK--Palladium prices closed higher, but pulled back from 13-year highs, as investors await the European Union's decision on new economic sanctions against Russia, while gold prices were flat as traders watched for new developments in Eastern ...

EU Will Add to Ukraine Sanctions List--Update

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By Matthew Dalton and Laurence Norman BRUSSELS--The European Union is preparing to add at least five individuals and two new entities to its Ukraine sanctions list, for the first time targeting oligarchs who the bloc says are supporting or benefiting ...